APConnect - Online application for Full Fledged Money Changers and non-bank Authorised Dealers Category-II

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..... n-bank Authorised Dealers Category-II Attention of Full Fledged Money Changers (FFMCs) and non-bank Authorised Dealers (AD) Category-II is invited to A.P. (DIR Series) Circular No. 25 dated March 6, 2006 , containing instructions for AD - Category II licence/reporting, the Master Direction on Money Changing Activities dated January 01, 2016 (updated from time to time) containing guidelines .....

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..... new companies as well as existing Authorised Persons (FFMC / non-bank AD Cat-II / NBFC eligible for AD Cat-II) i. Registration of new Branches ii. Registration of Temporary Money Changing Facilities iii. Registration of franchisees iv. Authorisation as Indian Agents under MTSS v. Upgradation of FFMC to non-bank AD Cat-II vi. Renewal of Licences vii. Opening of Foreign Currency .....

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..... ank regarding generation of licence through APConnect, the existing FFMCs/non-bank AD Cat-II shall surrender their existing licence to the respective Regional Office of the Reserve Bank. 6. Eligible entities, desirous of applying for fresh FFMC/ non-bank AD Category II / MTSS Agent licence / authorisation shall submit their application only through APConnect. 7. The directions contained in t .....

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